First debate about BDH increase was held

About 400 people benefiting from the BDH attended the plenary session of the National Assembly. Applauded those who supported the increase and jeered those who did not.

QUITO, Ecuador

Yesterday at the National Assembly, the first debate of the Redistribution Act of Social Spending was held in order to increase the Human Development Bond (BDH for its Spanish acronym) from $ 35 to $ 50 using the profits of private banking.

During the debate, members of the ruling party highlighted the project’s objectives and its strategy of questioning deepened bank profits, while the opposition warned that the interest of Rafael Correa in increasing the BDH is strictly political and that the ruling party plays with the needs of the people.

However, despite the doubts of the project, the majority of assembly members said nothing because of possible negative effects on future campaigns.

Nearly 400 bonus recipients were invited to the debate, who observed and applauded the speeches in defense of increasing the BDH and jeered the speeches that questioned the funding mechanism. (MZ)